Imagine owning a football team, trading athletes and coaches, calling plays on the field...all with the power of crypto.
The Fan-Controlled Football League allows you to do just that.
CEO Sohrob Farudi joined Cheddar to talk about why blockchain technology makes more sense than the traditional “gold” or “gems” awarded in video games.
“These are professional players, professional coaches, and we’re putting their lives in the hands of fans. Blockchain is a way to give transparency in the voting process,” he said. “Everybody can see the votes, they’re recorded on the blockchain. People can trust that the votes that they cast are actually being counted correctly.”
FCFL, slated for launch this summer, allows fans to build up Ethereum-based FAN Tokens and use them to manage the action both on and off the field. Farudi tested the concept this past season with the Salt Lake Screaming Eagles, who played in the 10-team Indoor Football League. He says fans from a hundred countries got involved.
The 8-team FCFL was the first company to raise funds through Indiegogo’s newly-launched initial coin offering platform. This week it also announced Ethereum co-creator Steven Nerayoff was one of two new appointees to its advisory board.
“Having somebody that actually helped create one of the most well known blockchains in Ethereum really sets us apart and lets us give people trust that we’re building this the right way.”
For full segment [click here](https://cheddar.com/videos/cme-group-launches-bitcoin-futures-2).
AT&T announced a new partnership with Swedish communications company Ericsson.
Hackers accessed the personal data of 6.9 million users via the genetic testing company 23andMe.
Stocks fell after the opening bell on Tuesday morning as signs pointed to another losing session.
Bitcoin is once again having a moment. On Monday, the world's largest cryptocurrency soared past $41,000 for the first time in over a year and a half — and marking a 150% rise so far this year.
Tree farmers are raising prices for Christmas trees.
Analysis shows smaller businesses are hiring more people.
Applying for financial aid for college is a long process but there's a new streamlined application for federal student aid. Mark Kantrowitz, student loan expert, joined Cheddar News to explain the FAFSA form and what kind of changes are expected.
With all of the stress surrounding the holiday season with gift-buying and planning family gatherings, it could be a chaotic time for all members of your family, including pets. Cesar Milan and Michael Ehrman, co-founders of Halo Collar, joined Cheddar News to provide tips on how to keep your pets stress-free for the upcoming holiday season.
Going home for the holidays can be pretty expensive, especially if you're a student. Cheddar News senior reporter Michelle Castillo provided tips on how to save ahead of the holiday season.
Alaska Airlines is buying Hawaiian Airlines, stocks finished at their highest level on Friday and are on the way to concluding 2023 on a positive note as Bitcoin surged. And Spotify is laying off workers, again.
